Nelson Peltz explains Trian's 'big mistake' on GE and why he's sticking by the stock [CNBC]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
Check Earnings Report
US:NYSE Investor Relations:
ge.com/investor-relations/overview
Company Research
Source: CNBC
Nelson Peltz explains Trian's 'big mistake' on GE and why he's sticking by the stock: 'Larry Culp is a star' Trian Partners co-founder and CEO General Electric "We bought the stock at $23 ... it went up to $32; we sold a third of our position," Peltz told "That was our big mistake; we should have sold three thirds of our position," Peltz said. GE's stock has dropped over 70% since then, today trading near $9 a share. When the activist investor took a $2.5 billion stake in GE in 2015, Peltz said the company's "disclosure was awful." Cramer noted that Peltz "got suboptimal guidance" from GE's management at the time, a sentiment Peltz echoed with a resounding "you think?" But in past several years, GE has undergone multiple management changes. In the midst of these changes, Trian got a seat on GE's board in 2017, installing Trian's Ed Garden to push the company to make changes. "We got rid of CEOs," Peltz said about the changes at GE, adding that "the board is, except for one person, i
Show less
Read more
Impact Snapshot
Event Time:
GE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GE alerts
High impacting GE Aerospace news events
Weekly update
A roundup of the hottest topics
GE
News
- Dr. Peggy Duggan of Tampa General Hospital Is Recognized as a 2024 Chief Medical Officer to Know [Yahoo! Finance]Yahoo! Finance
- Global Electronic Health Records Market Size To Worth USD 52.03 Billion By 2033 | CAGR of 5.06% [Yahoo! Finance]Yahoo! Finance
- UK nuclear power strategy takes shape [Reuters]Reuters
- Latin America Medical Imaging Market Size, Share & Trends Analysis Report 2024-2030: Mexico Emerges as Growth Leader, Rapidly Advancing Medical Imaging Sector Forecasted [Yahoo! Finance]Yahoo! Finance
- Sdiptech AB (publ) - Notice of annual general meeting 2024 [Yahoo! Finance]Yahoo! Finance
GE
Earnings
- 1/23/24 - Beat
GE
Sec Filings
- 4/15/24 - Form 3
- 4/15/24 - Form 3
- 4/15/24 - Form 3
- GE's page on the SEC website